Second-life EV Batteries Market - Global Forecast 2025-2032

The second-life EV batteries market is emerging as a transformative force in energy storage, offering organizations a pathway to cost-effective solutions that align with sustainability goals. Senior decision-makers are exploring how repurposed batteries can build both resilience and efficiency into energy infrastructures across multiple sectors.

Market Snapshot: Second-Life EV Batteries Market Growth

The Second-life EV Batteries Market grew from USD 25.92 billion in 2024 to USD 28.52 billion in 2025 and is projected to reach USD 59.20 billion by 2032 at a CAGR of 10.87%. This market’s robust expansion highlights the sector’s importance within both renewable energy initiatives and circular economy strategies. The momentum is driven by increasing electric vehicle adoption, coupled with rising needs for grid stability and scalable energy storage capabilities across industries. These trends position second-life batteries as a practical and scalable option for enterprises looking to optimize energy investments and operational performance.

Scope & Segmentation of the Report

• Battery Type: Includes Lead-Acid, Lithium-Ion, and Nickel-Metal Hydride batteries, each contributing to diverse deployment needs across storage applications.
• Battery Capacity: Ranges from Below 50 kWh, 50–100 kWh, 101–200 kWh, to Above 200 kWh, covering residential units, commercial sites, and industrial facilities requiring varied storage scales.
• Source: Batteries repurposed from Commercial Vehicles, Electric Buses, Passenger Cars, and Two-Wheelers, supporting resource recovery from multiple vehicle classes.
• Sales Channel: Offline distribution through direct sales and distributors, alongside Online channels that enable streamlined procurement and broader market reach.
• Application: Encompasses Commercial Energy Storage (for office buildings, shopping malls), Grid Storage, Industrial Energy Storage (in data centers, manufacturing plants), Residential Energy Storage (for apartment complexes, individual homes), and use in Telecommunications infrastructure.
• Region: Market presence spans Americas—including United States, Canada, Mexico, Brazil, Argentina, Chile, Colombia, Peru; Europe; Middle East & Africa—including United Kingdom, Germany, France, Russia, Italy, Spain, Netherlands, Sweden, Poland, Switzerland, UAE, Saudi Arabia, Qatar, Turkey, Israel, South Africa, Nigeria, Egypt, Kenya; and Asia-Pacific—with China, India, Japan, Australia, South Korea, Indonesia, Thailand, Malaysia, Singapore, and Taiwan contributing to global demand and varied regulatory contexts.
• Key Companies: The competitive landscape includes Connected Energy Ltd., RePurpose Energy Inc., Bayerische Motoren Werke AG, BeePlanet Factory, BYD Company Ltd., EcarACCU, Enel X S.r.l., Fortum Oyj, Hyundai Motor Company, Li-Cycle Corp., Mercedes-Benz Group AG, MG Motor, Moment Energy Inc., Nissan Motor Co., Ltd., Nunam Technologies India Pvt. Ltd., Nuvation Energy, Proterra, Inc., ReJoule Inc., Renault Group, Rivian Automotive, Inc., RWE AG, Second Life EV Batteries Ltd., Toyota Motor Corporation, and Zenobē Energy Limited.

Key Takeaways for Senior Decision-Makers

• Partnerships among automakers, energy providers, and technology startups are redefining business models and creating new opportunities for B2B revenue streams.
• Deployment of second-life batteries is expanding energy storage flexibility for commercial, industrial, and residential projects, helping unlock value in both developing and established markets.
• Changing regulatory frameworks are emphasizing extended producer responsibility and incentivizing the integration of refurbished batteries into national grids and corporate energy strategies.
• Adoption of advanced battery management and diagnostic technologies is accelerating reliable second-life deployments and improving lifecycle performance.
• Strategic adaptation in supply chains and operational methods enables businesses to leverage regional opportunities and build resilience against market disruptions.

Tariff Impact: Navigating Supply Chain Disruption

With the introduction of United States tariffs in 2025, import costs for battery modules have risen, motivating companies to invest in domestic refurbishment and testing capabilities. This shift encourages localized manufacturing and operational agility, while global enterprises must reassess their sourcing networks and partner relationships in response. Organizations are implementing adaptive procurement strategies and are actively engaging with government stakeholders to align new tariff policies with sector sustainability targets, ensuring ongoing access to essential battery supply and market growth.

Methodology & Data Sources

This analysis incorporates direct interviews with industry executives and technical specialists, combined with in-depth evaluation of regulatory materials and market white papers. Insights were validated through stakeholder workshops and rigorous benchmarking, supporting credible conclusions on evolving trends in second-life EV battery utilization.

Second-Life EV Batteries Market: Why This Report Matters

• Gain actionable intelligence to support strategic investments and navigate supply chain complexity in deploying second-life EV battery systems.
• Access concise reviews of regulatory and technological trends shaping new business models and energy storage applications in key global regions.
• Equip your organization to respond rapidly to evolving market conditions and leverage opportunities for repurposed EV batteries across commercial, industrial, and residential projects.

Conclusion

The second-life EV batteries market is advancing through collaboration, innovation, and adaptive operational methods. Companies engaging in refurbishment and value chain optimization are positioned to secure lasting advantages as industry adoption grows.

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